IT Giant Wins 5-Year IT Transformation Contract with Vorwerk; Leveraging AI for Infrastructure and Cybersecurity
The stock is up by 17.3 per cent from its 52-week low is Rs 208.50 per share.
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced its selection by Vorwerk, the number one direct sales company in Europe and the world-leading direct seller of high-quality household appliances, to manage and transform the company’s IT landscape.
In the five-year engagement, Wipro will future-proof Vorwerk’s IT infrastructure by harnessing its AI-powered infrastructure operations solution focused on enabling enterprise transformations of this scale. The program will include the consolidation of all business applications, infrastructure, and cybersecurity tracks onto a unified monitoring platform to provide better visibility into Vorwerk’s technology ecosystem, leading to a significant increase in operational efficiency and robust cyber-risk management.
Wipro will also engage with Vorwerk’s technology partners to enrich their customer engagement approach, standardise their product portfolio, and develop a technology roadmap with intelligent products for faster time to market. Additionally, the Wipro team will build an end-to-end support portal that will rapidly and seamlessly enhance the end-user experience.
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About the Company
Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading technology services and consulting company focused on building innovative solutions that address clients’ most complex digital transformation needs. Leveraging our holistic portfolio of capabilities in consulting, design, engineering, and operations, we help clients realise their boldest ambitions and build future-ready, sustainable businesses. With over 230,000 employees and business partners across 65 countries, we deliver on the promise of helping our customers, colleagues, and communities thrive in an ever-changing world.
The company has a market cap of Rs 2.5 lakh crore with a PE of 26x an ROE of 15 per cent and an ROCE of 17 per cent. The stock is up by 17.3 per cent from its 52-week low is Rs 208.50 per share. Investors should keep an eye on this Large-Cap IT stock.
Disclaimer: The article is for informational purposes only and not investment advice.